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mortgage free and rent out
freddi_2
Posts: 47 Forumite
House sold today so question no longer valid:j
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Comments
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No of course not. You really think that when a landlord dies whoever is the tenant in situ inherits the property?? Why doesn't she just ensure she makes a will so her wishes are carried out?0
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She can stipulate in her will that the property is sold and the proceeds go to the chosen charity. The "what happens when she dies" question can easily be solved by a good solicitor writing a proper will.
But there is more to being a landlord than finding a tenant and collecting the rent. She will have all sorts of legal responsbilities that she shouldn't take on without understanding what she is letting herself in for. As a minimum she'll need a gas safety certificate and an EPC (guess she already has the latter if she's tried selling?). On top of that, there is landlords insurance, maintenance responsibilities for the property she is renting out. And about a million other things that I haven't remembered or don't even know about (not being a LL myself). It isn't something to take on lightly.0
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